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| Undercover in the Underwriting Room Read more |
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What Did Direct Lending Investments Invest In? When Bloomberg News reported that a US online lending hedge fund had lost approximately 25% of its portfolio value from a deal gone bad, some were surprised to learn that it had absolutely nothing to do with online lending. Instead it was Telecom companies in the Middle East and Asia?! Read more |
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Yalber Announces $20 Million Credit Facility |
| Yalber announced yesterday that they have obtained a new $20 million credit facility from Park Cities Asset Management. This follows an earlier $20 million credit facility in Dec... Read more |
Direct Lending Investments Charged With Fraud by the SEC |
| Update: DLI has agreed to the appointment of a receiver to marshal and preserve the assets of Direct Lending and the funds. The SEC has also published a press release on the matter. Read more |
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Two Cultures Collided, Gently |
| Banks are heavily regulated. Factoring companies are not. The two don’t always mix. So it was interesting last July when Axiom Bank, a regional bank in Florida, acquired A... Read more |
PIRS Secured $15M in Financing |
| PIRS Capital, a leading fintech alternative lender specializing in Merchant Cash Advances, has secured an increase to $15M of their existing credit facility from an institution specializing in providing working capital to high growth companies. PIRS Capital previously announced their obtaining the initial facility in February 2018. Read more |
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5 Weeks Left Until Broker Fair 2019! |
| Don't wait until it's too late to buy your ticket. Broker Fair is being held at The Roosevelt Hotel in NYC on May 6 Read more |
WeWork, The Home Office of Small Business Finance Startups |
| Many small business finance startups have gotten their start in WeWork offices. Some have decided to stay in them. Read more |
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Apple Introduces its Own Credit Card |
| Apple Card is built into the Apple Wallet app on iPhone, offering customers a familiar experience with Apple Pay and the ability to manage their card right on iPhone. Read more |
New Jersey Bill Seeks to Eliminate Quick Easy Access to Small Business Loans |
| New Jersey Bill Seeks to Eliminate Quick Easy Access to Small Business Loans Read more |
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Square Takes on Shopify in the E-commerce Market |
| Via Fastcompany: Eleven months since acquiring website-builder Weebly for $365 million, Square is ready to unveil a full-fledged online storefront for its sellers—the company’s first major foray into e-commerce. Powered by Weebly technology that has been woven into the Square payments ecosystem, Square Online Store offers merchants the option to sell through their own digital storefronts. Read more |
Business Loan Brokers Indicted |
| Five business loan brokers were named in a federal indictment in Ohio for defrauding a 69-year-old business owner out of his money and cars. In addition to being asked for hundreds of thousands of dol... Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
Marqeta to Raise $250M at $1.9B Valuation |
| Via Techcrunch: The figures come by way of a Delaware filing, provided to TechCrunch by PrimeUnicornIndex. Marqeta declined to comment on the filing, but we understand from a source close to the company that the round is in progress and could close as soon a weeks from now. Read more |
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